Chimera Investment Corp. Files 8-K for Bylaw Amendments

TL;DR

Chimera Investment Corp. filed an 8-K on 5/21/24 for bylaw changes.

AI Summary

Chimera Investment Corp. filed an 8-K on May 21, 2024, reporting amendments to its Articles of Incorporation and Bylaws, along with financial statements and exhibits. The company, incorporated in Maryland, is a Real Estate Investment Trust (REIT) with its principal executive offices located at 520 Madison Avenue, New York, NY.

Why It Matters

This filing indicates potential changes in the company's governance structure or operational rules, which could impact its strategic direction and shareholder rights.

Risk Assessment

Risk Level: low — The filing is a routine corporate disclosure of amendments and exhibits, not indicating immediate financial distress or significant operational shifts.

Key Players & Entities

• CHIMERA INVESTMENT CORP (company) — Registrant
• May 21, 2024 (date) — Date of Report
• 520 MADISON AVENUE (location) — Business Address
• New York, NY (location) — Business Address City/State
• Maryland (location) — State of Incorporation

FAQ

Key Financial Figures

• $0.01 — ch Registered Common Stock, par value $0.01 per share CIM New York Stock Exchange
• $0.03 — of the Common Stock to be changed from $0.03 per share (as a result of the Reverse S

Filing Documents

• cim4337621_8k.htm (8-K) — 32KB
• cim4337621_ex31.htm (EX-3.1) — 7KB
• cim4337621_ex32.htm (EX-3.2) — 6KB
• 0001206774-24-000580.txt ( ) — 279KB
• cim-20240521.xsd (EX-101.SCH) — 3KB
• cim-20240521_pre.xml (EX-101.PRE) — 26KB
• cim-20240521_lab.xml (EX-101.LAB) — 37KB
• cim-20240521_def.xml (EX-101.DEF) — 27KB
• cim4337621_8k_htm.xml (XML) — 9KB

03 Amendments to

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. After the close of business on May 21, 2024, Chimera Investment Corporation (the "Company") effected the previously announced 1-for-3 reverse stock split (the "Reverse Stock Split") of its outstanding shares of common stock, par value $0.01 per share (the "Common Stock"). On May 20, 2024, the Company filed with the State Department of Assessments and Taxation of Maryland two Articles of Amendment (the "Amendments" and each an "Amendment") to its charter. The first Amendment provided for a 1-for-3 reverse stock split of the issued and outstanding shares of Common Stock, effective at 5:00 p.m. Eastern Time on May 21, 2024. The second Amendment provided for the par value of the Common Stock to be changed from $0.03 per share (as a result of the Reverse Stock Split) back to $0.01 per share, and reduced the number of authorized shares of Common Stock, on a one-for-three basis, to 166,666,667 shares, effective at 5:01 p.m. Eastern Time on May 21, 2024. Fractional shares resulting from the Reverse Stock Split will be paid in cash based on the closing price of the Common Stock on the New York Stock Exchange ("NYSE") on May 21, 2024, after taking into account the Reverse Stock Split. The Reverse Stock Split affected all record holders of Common Stock uniformly and did not affect any record holder's percentage ownership interest, except for de minimis changes as a result of the elimination of fractional shares. The Common Stock will begin trading on a split-adjusted basis on the NYSE at the opening of trading on May 22, 2024. The Common Stock continues to trade on the NYSE under the symbol "CIM" with a new CUSIP number: 16934Q 802. The foregoing description of the Amendments does not purport to be complete and is subject to and qualified in its entirety by reference to the Amendments, which are filed as Exhibit 3.1 and Exhibit 3.2 to this Current Report on Form 8-K and are incorporated her

01 Financial Statements

Item 9.01 Financial Statements and Exhibits. Exhibit 3.1 Articles of Amendment of Chimera Investment Corporation, dated May 20, 2024. 3.2 Articles of Amendment of Chimera Investment Corporation, dated May 20, 2024. 104 Cover Page Interactive Data File (formatted as Inline XBRL). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CHIMERA INVESTMENT CORPORATION (REGISTRANT) Date: May 21, 2024 By: /s/ Miyun Sung Name: Miyun Sung Title: Chief Legal Officer and Secretary

View Full Filing

View this 8-K filing on SEC EDGAR